Aptech Limited Awarded Work Order to Conduct Training Program
Aptech Limited has received a Work Order from an autonomous body under the Central Government for conducting a training program.Aptech Limited operates as a pioneer in the non-formal vocational training sector across the country, maintaining a significant global presence. Since its commencement in 1986, the company has established over 747 centres globally. Aptech's operations span diverse sectors, including IT training, media and entertainment, retail and aviation, beauty and wellness, banking and finance, and preschool segments.
The company structures its business through two main streams: Individual Training and Institutional Business. Under Individual Training, Aptech offers professional career training through brands like Arena Animation, Maya Academy of Advanced Creativity (MAAC), Lakmé Academy powered by Aptech, Aptech Learning, Aptech Aviation Academy, and Aptech International Preschool. Its Institutional Business segment provides training and assessment solutions for corporates and institutions, through Aptech Training Solutions and Aptech Assessment & Testing Solutions. Online training capabilities are also provided via ProAlley for subjects such as graphic design, animation, VFX, and game design.
Contract Details
The contract details concerning the work order awarded to Aptech Limited are as follows:| Detail | Description |
|---|---|
| Awarding Entity | Autonomous body under Central Government |
| Nature of Work | Conducting a training program |
| Transaction Type | Domestic entity (Conducting training program) |
| Estimated Contract Value | Rs. 3.5 crores |
| Execution Period | Nine months |
| Domestic/International | Domestic |
The contract stipulates that Aptech Limited will be awarded the contract from the said body, which includes specific terms and conditions, a statement of work, respective deliverables, Service Level Agreement, and payment terms. The contract was determined to be a domestic transaction and does not fall within related party transactions.
APTECHT Stock Price Movement
Shares of Aptech Limited today slipped by 0.45% to settle at ₹111.51. The equity traded on a total volume of 1.63 million shares, marking a slight retreat for the stock.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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